25 Apr 2023 Market Close & Major Financial Headlines: The Dow Gapped Down Over 400 Points At The Opening Bell Over GDP And Inflation Concerns, Finally Closing Higher, But Remaining In The Red

Summary Of the Markets Today:

The Dow closed down 375 points or 0.98%,
Nasdaq closed down 0.64%,
S&P 500 closed down 0.46%,
Gold $2,345 up $6.00,
WTI crude oil settled at $84 up $0.94,
10-year U.S. Treasury 4.704% up 0.050 points,
USD index $105.58 down $0.280,
Bitcoin $64,826 up $586 (0.61%)

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our current Economic Forecast – April 2024 Economic Forecast: Economy Marginally Improving But Growth Will Be Weak

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The number of CEO changes at U.S. companies fell 27% to 180 in March 2024, from the record-high 248 in February. It is up 29% from the 139 CEO exits recorded in the same month last year. March’s total is the highest for the month since the firm began tracking CEO exits in 2002. In the first quarter, 622 CEOs have announced their departures, the highest quarterly total on record. It is up 49% from the 418 exits in the first quarter of last year, and up 27% from the 489 CEO exits which occurred in the previous quarter. Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc. added:

C-Level leaders have had an incredibly challenging few years, and are transitioning out of their roles, whether for new opportunities or to get fresh starts elsewhere.

The advance estimate of real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 – which is a fairly weak performance. However, I think this headline view is bogus as I believe year-over-year analysis provides the proper prospective. 1Q2024 growth was 3.0% year-over-year, and is only slightly lower than 4Q2024’s 3.1% and higher than 3Q2024’s 2.9%. Gross private domestic investment was very strong in 1Q2024 but was dragged down by goods purchases. As real GDP is adjusted for inflation, note that inflation price index only marginally weakened from last quarter’s 2.4% to 2.3% in 1Q2024.

The Kansas City Fed manufacturing activity fell again in April 2024, and expectations for future activity remained flat. Prices for raw materials grew at a steady pace while finished product prices stayed the same, increasing their spread. The month-over-month composite index was -8 in April, down from -7 in March and -4 in February. Manufacturing is far from a bright spot in the current economy.

The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – with year-over-year growth up 0.1%. An index of 100 is equal to the level of contract activity in 2001. NAR Chief Economist Lawrence Yun stated:

March’s Pending Home Sales Index – at 78.2 – marks the best performance in a year, but it still remains in a fairly narrow range over the last 12 months without a measurable breakout. Meaningful gains will only occur with declining mortgage rates and rising inventory.

In the week ending April 20, the advance figure for seasonally adjusted initial unemployment claims 4-week moving average was 213,250, a decrease of 1,250 from the previous week’s unrevised average of 214,500.

In February 2024, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), down year-over-year from February 2023 and unchanged month over month from January 2024. Molly Boesel, Principal Economist for CoreLogic added:

The U.S. delinquency rate fell from a year earlier for the first time in six months in February, indicating that mortgage performance remains strong. The decrease in delinquencies was driven by the decline in the share of mortgages that were six months or more past due, a number that has been consistently shrinking and fell to its lowest level in 15 years in February. As later-stage delinquencies decrease, the share of mortgages in foreclosure remained at 0.3% in February, where it has been since March 2022 and only slightly higher than the all-time low.

Here is a summary of headlines we are reading today:

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

The Market in Perspective

Here are the headlines moving the markets.
	Shale Gas Reactor Could Saves Millions in Propylene Production University of Michigan engineers have designed new chemical reactor to make an important ingredient for plastics, adhesives, carpet fibers, household cleaners and more from natural gas. The idea could reduce manufacturing costs in a post-petroleum economy by millions of dollars. The research paper has been published in the journal Science. The reactor creates propylene, a workhorse chemical that is also used to make a long list of industrial chemicals, including ingredients for nitrile rubber found in automotive hoses and seals as well as blue… Read more at: https://oilprice.com/Energy/Natural-Gas/Shale-Gas-Reactor-Could-Saves-Millions-in-Propylene-Production.html
	Chevron Kazakhstan Oil JV Start New Tengiz Production Chevron launched its first production at its Tengiz oilfield expansion project in Kazakhstan on Thursday, with completion of the final phase of the expansion set for the first half of next year, enabling an additional 260,000 barrels per day of crude oil output, or an additional 12 million tons per year. “This is a significant step towards completion of the Future Growth Project (FGP). It is also important progress for the modernization of the existing base business at Tengiz and demonstrates TCO’s commitment to safely and reliably… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chevron-Kazakhstan-Oil-JV-Start-New-Tengiz-Production.html
	How Gold Became an Essential Component in Nvidia’s GPUs Via SchiffGold.com, What is Nvidia? If you’re a committed gamer the question may sound like nonsense. Nvidia, which was founded in 1993, is a tech company that makes GPUs and other products. It originally specialized in making products for the video game industry, that assisted in 3D rendering. If you were a committed gamer, you probably owned their products. If you weren’t, you might not have heard of them. But with sudden advances in artificial intelligence, it has been everywhere in the news because its products can also be used… Read more at: https://oilprice.com/Metals/Gold/How-Gold-Became-an-Essential-Component-in-Nvidias-GPUs.html
	Saudi Oil Giant, Aramco, Wins 4-Year FIFA World Cup Sponsorship Saudi Aramco has sealed a sponsorship deal with FIFA, the International Federation of Association Football, through 2027, after winning a bidding process last October in which it was the only sponsorship candidate, the Associated Press reports. With the new deal, Aramco becomes a “Major Worldwide Partner of FIFA”, which gives it sponsorship rights for FIFA Men’s World Cup 2026 and Women’s World Cup 2027. “Through this partnership with FIFA we aim to contribute to football development and harness the power of sport… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Saudi-Oil-Giant-Aramco-Wins-4-Year-FIFA-World-Cup-Sponsorship.html
	Azerbaijan is Quietly Playing a Key Role in Russia’s Economic Plans When the presidents of Azerbaijan and Russia met on April 22 at the Kremlin, it wasn’t Nagorno-Karabakh, Ukraine, or Iran that took center stage. It was the 50th anniversary of a Soviet railroad construction project. The occasion for the visit, at least officially, was to mark the 1974 start of construction of the Baikal-Amur Mainline (BAM) railway in the Russian Far East. The project was headed by Heydar Aliyev, in his role as first deputy chairman of the Soviet Union’s Council of Ministers. Fifty years later that Aliyev’s son — Ilham Aliyev,… Read more at: https://oilprice.com/Geopolitics/International/Azerbaijan-is-Quietly-Playing-a-Key-Role-in-Russias-Economic-Plans.html
	Energy Groups of Czech Billionaire Book $7.8 Billion Core Earnings in 2023 Energy firms held by Czech billionaire Daniel Kretinsky have reported core earnings of $7.8 billion (7.3 billion euros) for 2023, Reuters reported on Thursday. The energy assets of Kretinsky’s EP Corporate Group include the flagship energy holding EPH, which reported today core earnings – or earnings before interest, tax, depreciation, and amortization (EBITDA) – of $3.85 billion (3.6 billion euros). This was down by 17% compared to the record EBITDA from 2022, when oil and gas prices surged following the Russian… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Energy-Groups-of-Czech-Billionaire-Book-78-Billion-Core-Earnings-in-2023.html
	Anglo-American’s Share Price Soars on BHP Buyout Talks The mining world is all aquiver this morning at talks of a potential mega-deal from BHP to buy up London-listed miner Anglo American. Metals miner Anglo has been seen as a potential takeover mark since its share price took a sharp dive last year on the back of weak production forecasts. But just hours after the news was confirmed by Anglo this morning, its share price has jumped by more than 12 per cent, effectively erasing the losses of the last 12 months. So what do analysts think Anglo has to offer BHP? Principally, the play would make BHP’s… Read more at: https://oilprice.com/Metals/Commodities/Anglo-Americans-Share-Price-Soars-on-BHP-Buyout-Talks.html
	Hertz To Sell More EVs as Q1 Loss Exceeds Expectations Hertz Global Holdings Inc (NASDAQ: HTZ) has raised the number of electric vehicles it plans to sell this year as it is cutting its EV fleet to reduce losses that have weighed on the car rental giant’s earnings. In the first quarter, Hertz upsized its EV disposition plan by 10,000 vehicles, for a total of 30,000 EVs intended for sale in 2024. Most of these EVs will be Teslas. The company incurred a $195 million charge to vehicle depreciation to write down the EVs held for sale which were remaining in inventory at quarter-end to fair value… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Hertz-To-Sell-More-EVs-as-Q1-Loss-Exceeds-Expectations.html
	EU Prepares to Tighten Screws on Russian LNG Imports In a move that could reshape Europe’s energy landscape, the European Commission is poised to propose new sanctions targeting Russian liquefied natural gas (LNG) imports. According to Reuters sources close to the matter, the proposed measures will include a ban on shipments within the EU and sanctions on three Russian LNG projects. The European Commission’s decision comes amid growing concerns over Europe’s reliance on Russian energy, particularly in the wake of the ongoing conflict in Ukraine. While the EU imposed a ban on Russian seaborne oil… Read more at: https://oilprice.com/Energy/Natural-Gas/EU-Prepares-to-Tighten-Screws-on-Russian-LNG-Imports.html
	Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees Russian pipeline operator Transneft has warned Kazakhstan’s oil companies that ship crude to Germany via Transneft’s Druzhba pipeline that the customers of the Kazakh firms have until June to pay for metering services or risk a halt to supplies, trading sources told Reuters on Thursday. In early 2023, as Russian crude flows via the Druzhba pipeline dropped off, crude oil from Kazakhstan started flowing via the Russian pipeline network to Poland for further delivery to Germany. In December 2022, Kazakhstan’s… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Kazakhstans-Oil-Flows-to-Germany-Threatened-as-Russia-Demands-Transit-Fees.html
	Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely The Arab oil embargo from 1973 is a painful memory for those who lived through it. It was the reason for creating the Strategic Petroleum Reserve in the United States and the International Energy Agency as means of, if not shielding oil-consuming countries, then at least cushioning any future blow. The U.S. shale revolution changed all that, and it changed it radically. The U.S. has gone from a top importer to the top producer, even as it continues importing quite substantial amounts of crude. The rate of production, made possible by shale projects,… Read more at: https://oilprice.com/Energy/Crude-Oil/Shale-Helps-Insulate-US-from-Oil-ShocksBut-Not-Entirely.html
	Hess Q1 Earnings Trump Forecasts Ahead of Acquisition by Chevron Hess Corporation (NYSE: HES) reported on Thursday much higher-than-expected net income for the first quarter of 2024 amid soaring oil and gas production, as the planned acquisition by U.S. supermajor Chevron drags on. Hess Corporation posted a net income of $972 million, or $3.16 per share, in the first quarter of 2024, compared with net income of $346 million, or $1.13 per share, in the first quarter of 2023. The rise in profits reflects higher production volumes in the first quarter of 2024, Hess said. The earnings per share (EPS) of… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Hess-Q1-Earnings-Trump-Forecasts-Ahead-of-Acquisition-by-Chevron.html
	The Renewable Energy Boom Has a Waste Problem As the global renewable energy capacity increases, so does the amount of waste from end-of-life equipment from solar, wind and other renewable energy activities. If we don’t address this problem soon it could become a whole new threat to the environment and human health. While a transition away from fossil fuels to alternative green energy sources is helping the world to reduce its greenhouse gas emissions and combat climate change, it is important to consider the implications that new energy activities may have on the environment. … Read more at: https://oilprice.com/Energy/Energy-General/The-Renewable-Energy-Boom-Has-a-Waste-Problem.html
	Biden Administration Finalizes Strict Rules on Power Plant Emissions The U.S. Environmental Protection Agency (EPA) announced on Thursday final rules on emissions reductions of power plants which would force coal-fired power plants that plan to run in the long-term and all new baseload gas-fired plants to capture most of their carbon emissions. EPA has excluded existing gas-fired power plants from the new regulation that would mandate the installation of carbon capture systems on smokestacks to reduce emissions. This was one of the most controversial issues during the rule-making process. While… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Biden-Administration-Finalizes-Strict-Rules-on-Power-Plant-Emissions.html
	U.S. Refiner Valero Energy Beats Profit Forecasts in Q1 One of the largest U.S. refiners, Valero Energy (NYSE: VLO), saw its adjusted net income more than halve in the first quarter compared to a year earlier, but earnings nevertheless beat the analyst consensus estimate amid tight crude supplies at the start of this year. Valero opened the earnings reporting season on Thursday, announcing an adjusted net income of $1.3 billion, or $3.82 per share, for Q1. This compares to $3.1 billion, or $8.27 per share, for the first quarter of 2023 when global refining margins soared as the West had… Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Refiner-Valero-Energy-Beats-Profit-Forecasts-in-Q1.html
	Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. Read more at: https://www.cnbc.com/2024/04/25/dow-drops-more-than-600-points-on-inflation-and-growth-concerns-live-updates.html
	Alphabet earnings are out — here are the numbers Alphabet reported earnings after the bell. Here are the results. Read more at: https://www.cnbc.com/2024/04/25/alphabet-set-to-report-first-quarter-results-after-market-close.html
	Microsoft earnings are out – here are the numbers Microsoft added artificial intelligence talent through a deal with startup Inflection in the quarter, as it worked to sell a productivity chatbot to clients. Read more at: https://www.cnbc.com/2024/04/25/microsoft-msft-q3-earnings-2024.html
	Paramount and Skydance inch closer to a merger as key hurdle looms Paramount Global and Skydance are getting closer to final terms on a merger agreement, but a renewal with Charter remains an obstacle. Read more at: https://www.cnbc.com/2024/04/25/paramount-skydance-inch-closer-to-a-merger-agreement.html
	Here’s where Meta shares could go from here after their post-earnings sell-off, according to the charts Since February, Meta Platforms has been trending slightly higher on weaker price momentum. Read more at: https://www.cnbc.com/2024/04/25/heres-where-meta-shares-could-go-from-here-after-their-post-earnings-sell-off-according-to-the-charts.html
	GDP growth slowed to a 1.6% rate in the first quarter, well below expectations Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones. Read more at: https://www.cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
	Slowing growth plus stubborn inflation add up to a headache for Fed officials The data spells at least a mild stagflationary environment that will make policymaking troublesome. Read more at: https://www.cnbc.com/2024/04/25/slowing-growth-plus-stubborn-inflation-add-up-to-a-headache-for-fed-officials.html
	Meta tumbles 11% on weak revenue forecast and Zuckerberg’s comments on spending Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat. Read more at: https://www.cnbc.com/2024/04/25/meta-stock-down-15percent-on-weak-revenue-forecast.html
	Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank. Read more at: https://www.cnbc.com/2024/04/25/middle-east-escalation-could-trigger-energy-shock-that-fuels-inflation-world-bank-warns.html
	Rubrik stock pops 16% in NYSE debut after company prices IPO above range Rubrik’s shares appeared to be attractive to investors that have been starved for new business software names for years. Read more at: https://www.cnbc.com/2024/04/25/rubrik-ipo-rbrk-starts-trading-on-new-york-stock-exchange.html
	Trump trial: Defense attorneys begin cross-examination of David Pecker The New York criminal trial of Donald Trump resumed with testimony from former National Enquirer publisher David Pecker. Read more at: https://www.cnbc.com/2024/04/25/trump-trial-hush-money-case-resumes-supreme-court-hears-immunity-claim.html
	Supreme Court appears skeptical of Trump’s blanket presidential immunity argument Donald Trump was not at the Supreme Court to hear the immunity arguments because he was required to attend his New York criminal hush money trial. Read more at: https://www.cnbc.com/2024/04/25/supreme-court-hears-trump-immunity-claim-in-election-interference-case.html
	Bitcoin outperforms Nasdaq after U.S. economy grew less than projected in Q1: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Nathan McCauley, co-founder and CEO of Anchorage Digital, discusses the platform’s new crypto settlement network. Read more at: https://www.cnbc.com/video/2024/04/25/bitcoin-outperforms-nasdaq-after-us-economy-grew-less-than-projected-in-q1-cnbc-crypto-world.html
	Fauci To Testify In Public Hearing On COVID-19 Response, Origins Authored by Stephen Katte via The Epoch Times, Dr. Anthony Fauci is locked in to testify before the Select Subcommittee on the Coronavirus Pandemic on June 3, his first public hearing since retiring as the president’s chief medical advisor in 2022. Subcommittee Chair Brad Wenstrup (R-Ohio) announced in an April 24 press release that Dr. Fauci agreed to appear late last year. “Retirement from public service does not excuse Dr. Fauci from accountability to the American people,” Mr. Wenstrup said. “On June 3, Americans will have an opportunity to hear directly from Dr. Fauci about his role in overseeing our nation’s pandemic re … Read more at: https://www.zerohedge.com/covid-19/fauci-testify-public-hearing-covid-19-response-origins
	US-Led Gaza Pier Project Comes Under Mortar Fire As UN Officials Tour Site The US military’s ambitious project to erect a large pier off Gaza’s coast (all within a war zone) to allow maritime shipments of humanitarian aid to Palestinians is off to a rocky start, after new reports that the construction site has come under fire. UN officials were reportedly present at the location on Thursday when it came under attack by unknown gunmen, forcing the visiting delegation to take cover. Hamas has previously warned that it plans to resist any foreign military entity on Gaza’s territory, which would include the US forces constructing the pier. The Israel Defense Forces (IDF) issued a statement blaming Palestinian terrorists for the attack (either Hamas or PIJ/Islamic Jihad), which included the launching of mortars. Illustrative image of what the Gaza pier is expected to look like, via ABC News footage”Members of a terror group in the Gaza Strip launched mortars at an under-construct … Read more at: https://www.zerohedge.com/geopolitical/pier-us-led-gaza-aid-project-comes-under-fire-un-officials-toured-site
	Lawmaker Suggests Iran Is Ready For Nuclear Weapon Testing Via Middle East Eye Iranian military commanders and high-ranking officials have warned they could change their approach in developing the country’s nuclear program after increasing tensions with Israel, implicitly announcing their readiness to take it into a military phase. Before the recent direct military confrontation with Israel, Iran had always insisted that its nuclear program solely had peaceful goals. This stance dramatically changed in recent weeks. Javad Karimi Qudousi, a member of the Iranian parliament’s National Security and Foreign Policy Commission, on Monday implicitly claimed that Iran was only one week away from its first nuclear weapon test. The lawmaker wrote on X: “If the order is issued, it will be one week before the first test.” Read more at: https://www.zerohedge.com/geopolitical/lawmaker-suggests-iran-ready-nuclear-weapon-testing
	Largest Oil ETF Hit With Record Outflow On Subsiding Geopolitical Risk Premium A reduced geopolitical risk premium for Brent crude this week is likely one of the main drivers resulting in the largest daily outflows for the US Oil Fund ETF. Tensions between Iran and Israel have subsided in recent days, and it’s entirely possible the White House is busy mediating both sides to ensure a wider conflict doesn’t rocket Brent prices above $100/bbl. Bloomberg data shows that the US Oil Fund experienced the most massive daily outflow ever on Tuesday, with investors pulling a record $376 million, exceeding the outflow of $323 million set in 2009. Though as the chart below shows, there was a huge inflow just a day or two ago… “The timing of this activity coincides with a general easing of immediate tension in the Middle East over the weekend,” John Love, chief executive officer of USCF Investments, told Bloomberg. USCF Investments is the firm that manages USO. Read more at: https://www.zerohedge.com/commodities/largest-oil-etf-hit-record-outflow-subsiding-geopolitical-risk-premium
	Post Office exec denies remote access cover-up Angela van den Bogerd says she was not trying to “suppress” Horizon remote access. Read more at: https://www.bbc.com/news/articles/c14kn8d8enyo
	Will Labour’s plan make train tickets cheaper? What impact will Labour’s pledge to nationalise the railways have? Read more at: https://www.bbc.com/news/articles/cy63j4x66ylo
	US economic growth slows but inflation grows The world’s largest economy grew less than expected but rising inflation may delay a rate cut. Read more at: https://www.bbc.co.uk/news/business-68898432
	Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday SBI shares had been in a consolidation zone of Rs 720-790 for almost two months now and on Thursday it gave a channel breakout with good volumes. With the Daily Relative Strength Index (RSI) on the verge of entering an extremely bullish zone, this stock can touch the Rs 850-860 zone in the short term. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/technical-breakout-stocks-how-to-trade-sbi-hitachi-energy-and-aditya-birla-capital-on-friday/articleshow/109598995.cms
	Tech View: Nifty forms bullish engulfing candle. What should traders do on Friday Analysis of Nifty Put options indicates a concentration of Open Interest (OI) at the 22,500 level, suggesting potential support. On the Call side, significant OI concentrations are observed at the 22,900 and 23,000 levels, nearing all-time highs. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-forms-bullish-engulfing-candle-what-should-traders-do-on-friday/articleshow/109596765.cms
	GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment. Read more at: https://www.marketwatch.com/story/gdp-report-revives-stagflation-fears-in-the-market-with-growing-risk-of-a-fed-rate-hike-seen-6d8a3ac1?mod=mw_rss_topstories
	Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%. Read more at: https://www.marketwatch.com/story/treasury-yields-steady-ahead-of-u-s-gdp-data-that-sets-stage-for-inflation-report-f725175b?mod=mw_rss_topstories
	Trump’s tariffs could overshadow the benefits of his tax cuts, economists say As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts. Read more at: https://www.marketwatch.com/story/trumps-tariffs-could-overshadow-the-benefits-of-his-tax-cuts-economists-say-713fed3e?mod=mw_rss_topstories

Summary Of the Markets Today:

Click here to read our current Economic Forecast – April 2024 Economic Forecast: Economy Marginally Improving But Growth Will Be Weak

The Market in Perspective

Shale Gas Reactor Could Saves Millions in Propylene Production

Chevron Kazakhstan Oil JV Start New Tengiz Production

How Gold Became an Essential Component in Nvidia’s GPUs

Saudi Oil Giant, Aramco, Wins 4-Year FIFA World Cup Sponsorship

Azerbaijan is Quietly Playing a Key Role in Russia’s Economic Plans

Energy Groups of Czech Billionaire Book $7.8 Billion Core Earnings in 2023

Anglo-American’s Share Price Soars on BHP Buyout Talks

Hertz To Sell More EVs as Q1 Loss Exceeds Expectations

EU Prepares to Tighten Screws on Russian LNG Imports

Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees

Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely

Hess Q1 Earnings Trump Forecasts Ahead of Acquisition by Chevron

The Renewable Energy Boom Has a Waste Problem

Biden Administration Finalizes Strict Rules on Power Plant Emissions

U.S. Refiner Valero Energy Beats Profit Forecasts in Q1

Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates

Alphabet earnings are out — here are the numbers

Microsoft earnings are out – here are the numbers

Paramount and Skydance inch closer to a merger as key hurdle looms

Here’s where Meta shares could go from here after their post-earnings sell-off, according to the charts

GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

Slowing growth plus stubborn inflation add up to a headache for Fed officials

Meta tumbles 11% on weak revenue forecast and Zuckerberg’s comments on spending

Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns

Rubrik stock pops 16% in NYSE debut after company prices IPO above range

Trump trial: Defense attorneys begin cross-examination of David Pecker

Supreme Court appears skeptical of Trump’s blanket presidential immunity argument

Bitcoin outperforms Nasdaq after U.S. economy grew less than projected in Q1: CNBC Crypto World

Fauci To Testify In Public Hearing On COVID-19 Response, Origins

US-Led Gaza Pier Project Comes Under Mortar Fire As UN Officials Tour Site

Lawmaker Suggests Iran Is Ready For Nuclear Weapon Testing

Largest Oil ETF Hit With Record Outflow On Subsiding Geopolitical Risk Premium

Post Office exec denies remote access cover-up

Will Labour’s plan make train tickets cheaper?

US economic growth slows but inflation grows

Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday

Tech View: Nifty forms bullish engulfing candle. What should traders do on Friday

GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen

Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot

Trump’s tariffs could overshadow the benefits of his tax cuts, economists say

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